Market outlook for 14/12/10

Nifty closed up 50.30 points (0.86%) at 5907.65 while Nifty December Future closed at 5932.95 premium of 25.30 points
Bank Nifty closed up 71.10 points (0.62%) at 11518.10 while December Future closed at 11571.50 premium of 53.40 points.

• FII sold huge in Cash (Net sell 287.77 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 409.71 Crore)
• DII bought in Cash (Net buy 334.54 Crore)
• US market is trading flat to positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty December Call Option: 5900 and 6000.
• Most Active Nifty December Put Options: 5800 and 5700.
• Advance Decline for the day was 1079:310

NIFTY TECHNICAL

Current Spot: 5907.65
Pivot: 5872
5DEMA: 5887
10DEMA: 5904
20DEMA: 5941
50DEMA: 5979
RSI (7 days): 49.01
Parabolic SAR: 6049
Supports: 5831 - 5755
Resistance: 5949 - 5990

Nifty Future VWAP: 5869.05
Bank Nifty Future VWAP: 11468.01
MP Values Spot (Price Profile): VAH - 5868, POC - 5824, VAL - 5798
MP Values Futures: VAH - 5924, POC - 5874, VAL - 5824
MP Values Bank Nifty Futures: VAH - 11556, POC - 11456, VAL - 11356

TARGET NIFTY
Buy Nifty Future above 5948 - 5964 - 5984 - 6003 SL - 5929
Sell Nifty Future below 5929 - 5913 - 5894 - 5874 SL - 5948

INTRADAY TRADE
Reliance Industries: Buy above 1048 for targets of 1055, 1064, 1072 SL 1040
Reliance Industries: Sell below 1040 for targets of 1033, 1025, 1017 SL 1048
Sintex: Buy above 194 for targets of 197, 201 SL 191
HDIL: Buy above 191 for targets of 193, 197 SL 187.5

SCORE SHEET
IDBI: Buy above 155 for targets of 157, 161 SL 151: Target 159.10 achieved
Recltd: Buy above 306 for targets of 310, 316 SL 300: Target 311.20 achieved

POSITIONAL TRADE
Emamiltd: Buy above 422 for target of 470 SL 34 (One Week)
Nitinfire: Buy above 82 for target of 91 SL 78 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators